Alumni

Faculty Presentations

• Behavioral Finance

  Malcolm P. Baker
  Friday 2:15 p.m.–3:30 p.m.

  At the foundation of finance theory is the idea that investors and managers act rationally. This leads to the simple predictions that capital-market prices reflect fundamentals and managers respond to incentives in predictable ways. The field of behavioral finance proposes a broader role for social, cognitive, and emotional biases in individual choices and market outcomes. Drawing on his research and examples from a new course in the MBA Program, Professor Baker will describe how insights from psychology and behavioral finance can help explain the behavior of capital markets and firms and the implications for financial reform.

  2010 Reunion Presentation:

  Presentation Slides (pdf)

  Related Resources:

  Article: Capital Market Driven Corporate Finance, Annual Review of Financial Economics (pdf)

  Article: Catering Through Nominal Share Prices (pdf)

  Article: Multinationals as Arbitrageurs: The Effect of Stock Market Valuations on Foreign Direct Investment (pdf)

  Book Chapter: Behavioral Corporate Finance: A Survey (pdf)

  Working Paper: Under New Management: Equity Issues and the Attribution of Past Returns (pdf)

  return to presentation index

• Designing Care

  Richard M.J. Bohmer
  Friday 11:45 a.m.–1:00 p.m.

  In spite of years of reform of healthcare financing and the structure of the delivery system, academic research reveals a troubling picture of rising costs, fatal errors, and the simultaneous under- and over-provision of care. Moreover, the aging of the baby boomers, an avalanche of new science and technology, and an expected manpower shortage may make things even worse. In response, delivery organization managers have increasingly looked to production industries for models of organization and process design to improve the efficiency and quality of healthcare delivery, with only mixed success. This session will discuss the nature of medical care, the ways in which evolving medical science has and has not changed the practice of medicine, and the implications for patients, doctors, and managers.

  2010 Reunion Presentation:

  Presentation Summary (pdf)

  Related Resources:

  Book: Designing Care: Aligning the Nature and Management of Health Care

  Book Chapter: Evidence-Creating Medicine: Designing for Learning

  Article: The Shifting Mission of Health Care Delivery Organizations, New England Journal of Medicine, August 5, 2009

  Case: The Risk Management Foundation of the Harvard Medical Institutions, Inc.

  Case: Performance Management at Intermountain Healthcare

  Case: Newton-Wellesley Hospital

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• Principles of Management That We Teach That Are Not Always True

  Clayton M. Christensen
  Friday 10:00 a.m.–11:15 a.m.

  Historically, innovation has seemed to be expensive and risky. Our research has shown, however, that the root cause of the spotty results are often principles of "good management" that are taught at HBS and elsewhere. In this session, we'll describe which of the principles we teach are the greatest culprits in causing innovations to fail.

  Related Resources:

  Article: The Innovator's Prescription: A Disruptive Solution for Health Care

  HBR Article: The Innovator's DNA

  Article: Health Care: The Simple Solution, Businessweek, March 4, 2010

  HBS Working Knowledge Q&A: Clay Christensen on Disrupting Health Care

  Case: A Big (Double) Deal: Anadarko's Acquisition of Kerr-McGee and Western Gas Resources

  HBS Working Knowledge: How to Revive Health-Care Innovation

  Note: What Are Business Models, and How Are They Built?

  Blog: A Solution to School District Budget Cuts

  Case: A Good Day for Disruptors

  2009 Reunion Presentation:

  Principles of Management That We Teach That Are Not Always True (pdf)

  Reunion Presentation Video

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• Private Sector & Public Responsibilities: The Role of Business in Social Issues

  Michael Chu
  Friday 2:15 p.m.–3:30 p.m.

  Some goods and services (such as water, education, healthcare, energy) are considered so basic that access by all citizens is often deemed the responsibility of the public sector, especially when low-income populations and developing countries are involved. But empirical research shows cases where business has stepped in to deliver these basic items to the base of the socioeconomic pyramid. Can commercial enterprises do it better? And what if they earn attractive returns while doing it? Is this process good or bad for society? These issues are at the center of Professor Chu's work and he looks forward to a lively class discussion.

  2010 Reunion Presentation:

  Presentation Summary (pdf)

  Presentation Slides

  Related Resources:

  Article: Getting Microfinance Right, Forbes, April 22, 2009

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• Project Antares Brings High-Impact Interventions to Low-Income Populations: A Collaboration Between HBS and the Harvard School of Public Health

  Michael Chu and Roslyn Payne
  Saturday 11:45 a.m.–1:00 p.m.

  Can a $25 incubator change health prospects for newborns in Nepal—and earn back enough money for its manufacturer to turn a profit and hew to its humanitarian mission? That's the kind of challenge that Project Antares, a unique collaboration between the Harvard School of Public Health and Harvard Business School, seeks to address. Project Antares aims to combat public health threats that disproportionately affect poor families, and build on those successes by developing curricula to train leaders in business, public health, and policy. Under the Project's auspices, students from HBS and HSPH have conducted 13 field studies in nine countries.

  Launched four years ago with the guidance of HBS Professor Howard Stevenson and through a gift from Roslyn Braeman Payne (HBS '70) and support from the Brinson Foundation, the Project focuses on commercial approaches to delivering high-impact health interventions to low-income populations. The project is co-directed by David Bloom, Clarence James Gamble Professor of Economics and Demography at HSPH, and Michael Chu, senior lecturer at Harvard Business School.

  Related Resources:

  Working Knowledge: Improving Public Health for the Poor

  Article: Can Students Launch Enterprises That Turn a Profit and Save Lives?

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• One Report: A Simple Idea Whose Time Has Come

  Robert G. Eccles
  Friday 11:45 a.m.–1:00 p.m.

  Integrated reporting, or "One Report," is the combination of a company's required financial report with its voluntary corporate social responsibility or sustainability report. But One Report isn't only One Report but also leverages the Internet to provide more detailed information of interest to specific stakeholders, as well as to improve dialogue and engagement with all of them. The world is at the early stages of an important new management practice, already being used by companies such as Southwest Airlines in the United States, Philips in the Netherlands, and Natura in Brazil. Professor Eccles has written the first book on this subject, One Report: Integrated Reporting for a Sustainable Strategy. He is also a member of the Steering Committee of the International Integrated Reporting Committee.

  Related Resources:

  Book: One Report: Integrated Reporting for a Sustainable Strategy (amazon.com)

  HBS Working Knowledge: One Report: Better Strategy through Integrated Reporting

  Interview: Integrating Financial and Non-Financial Reports, Boardmember.com

  Case: Ricoh Company, Ltd.

  Case: Managing Creativity at Shanghai Tang

  Case: CalPERS' Emerging Equity in the Markets Principles

  Case: The Credit Suisse/Gerson Lehrman Group Alliance

  Case: Shanghai Diligence Law Firm

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• Google's Next Moves

  Thomas R. Eisenmann
  Friday 11:45 a.m.–1:00 p.m.

  Following in the paths of IBM and then Microsoft, Google is emerging as the new hegemon of information industries. Professor Eisenmann will explore Google's business model and strategy with several questions in mind. Is Google likely to monopolize Web search? If it does, what might be the repercussions for advertisers, Internet content providers, and society at large? How will Google gain access to mobile phone and TV screens as it strives to become the dominant intermediary connecting consumers and advertisers? Finally, to what extent is Google vulnerable to external challenges and internal management problems?

  Related Resources:

  Book Chapter: Opening Platforms: When, How and Why?

  HBR Article: When Hackers Turn to Blackmail

  Case: Google, Inc.

  Case: Facebook's Platforms

  Case: Linden Labs: Crossing the Chasm

  Case: Linden Labs: Opening Second Life

  Case: Orange: Read&Go

  Case: Visions of Web 3.0

  2009 Reunion Presentation:

  Google's Next Moves (pdf)

  Reunion Presentation Video

• Drilling in the Gulf: Safety and the Culture of Masculinity

  Robin J. Ely
  Friday 2:15 p.m.–3:30 p.m.

  What can managers in white-collar firms learn from roughnecks and roustabouts on an offshore oil rig? How might gender have contributed to the recent incident in which a deep-water oil platform exploded, taking 11 lives and causing the worst oil spill in history? This presentation of findings from ethnographic research conducted on two deep-water oil platforms in the Gulf of Mexico will address these questions. The bottom line: Extinguishing macho behavior is vital to achieving top performance. Our findings suggest how a macho, hard-driving culture can compromise decisions and increase mistakes and how leaders—whether in the dirty, dangerous setting of an off-shore oil platform or in the posh, protected surroundings of the executive suite—can jettison such cultures in service of increasing effectiveness.

  Related Resources:

  Working paper: Unmasking Manly Men: The Organizational Reconstruction of Men's Identity (pdf)

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• Tails That Wag the Dog: The Financial Consequences of Extreme Events

  Kenneth A. Froot
  Friday 10:00 a.m.–11:15 a.m.

  This talk will explore the recent financial and housing crisis in the context of large financial events when risk is concentrated in some important financial institutions. It will look at the recent collapse of the banking, bond, and housing markets, as well as the financial results of less recent natural disasters such as Hurricane Katrina. There are commonalities in the way the financial system recovers from these events, and these recoveries are surprisingly slow. The talk also will explore what happens next in the U.S., given the precarious situation in the housing market and the pressures around delinquent mortgages and foreclosure.

  Related Resources:

  Case: BlackRock Money Market Management in September 2008 (A)

  Case: BlackRock Money Market Management in September 2008 (B)

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• Rethinking the MBA: Business Education at a Crossroads

  David A. Garvin
  Friday 10:00 a.m.–11:15 a.m.

  This session will examine the forces currently affecting MBA education, including shifts in demand, changing perceptions of the degree's value added, criticisms from within and outside the academy, and the changing mix of program structures and degree offerings. It will describe a range of unmet needs in areas such as globalization, leadership development, integration, understanding the roles and responsibilities of business, and creative and critical thinking that were identified in interviews with business school deans and executives, as well as a diverse set of curricular innovations that schools have developed to address those needs. The session will conclude with a discussion of the implications for HBS.

  2010 Reunion Presentation:

  Presentation Summary (pdf)

  Presentation Slides (pdf)

  Related Resources:

  Book: Rethinking the MBA: Business Education at a Crossroads

  2008 Business Summit Summary: Business Education in the 21st Century

  Book: TopCoder (A): Developing Software through Crowdsourcing

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• The Unique Challenges of Leading a Science-Based Business

  Raymond V. Gilmartin
  Friday 2:15 p.m.–3:30 p.m.

  If you are the CEO of a science-based business, you invest on behalf of your successor in high-risk discovery projects that have 10- to 15-year time horizons. Most of these projects will fail because of the uncertainty of the science. These investments are made in a stock market environment where shareholders do not seem to look beyond the next quarter. What are the implications for the role, responsibilities, and attributes of the CEO?

  2010 Reunion Presentation:

  Presentation Video

  Presentation Slides (pdf)

  Related Resources:

  HBS Working Knowledge: The Challenges of Investing in Science-Based Innovation

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• Building and Sustaining High-Performing Nonprofit Organizations

  Allen S. Grossman
  Friday 10:00 a.m.–11:15 a.m.

  In a time of shrinking resources, donors and board members are demanding higher levels of performance from nonprofit organizations. More than ever before, these stakeholders expect demonstrable results for their investments of time and money. However, high performance in the nonprofit sector is often elusive—hard to define and difficult to achieve. Key to the challenge is that the numerous barriers to nonprofit high performance are often different from those in the for-profit sector. This session will analyze some of the barriers to high performance and discuss a new framework to address them.

  Related Resources:

  Note: Note on the Nonprofit Sector

  Case: Planned Parenthood Federation of America in 2008

  Case: United Way

  Case: Youth Villages

  Case: Year Up

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• Adversity to Advantage: Breakaway Strategies for Turbulent Markets

  Ranjay Gulati
  Friday 2:15 p.m.–3:30 p.m.

  In a presentation based on his new book Reorganize for Resilience, HBS Professor Ranjay Gulati reveals how "resilient" companies—those that prosper in good times and bad—are driving growth and increasing profitability by immersing themselves in the lives of their customers. By reorienting their organizations to be proactive, flexible, and truly customer-centric, these pioneering companies have driven growth in difficult times.

  Related Resources:

  HBS Working Knowledge Q&A: The Outside-In Approach to Customer Service

  Book: Reorganizing for Resilience: Putting Customers at the Center of Your Business

  Case: Jones Lang LaSalle: Reorganizing around the Customer

  Blog: A New Business Strategy: Give Up the Core

  Article: Czar Power, Forbes, January 7, 2009

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• The Digital Revolution

  Sunil Gupta
  Friday 10:00 a.m.–11:15 a.m.

  Digital media, and in particular social media like YouTube, Facebook, blogs, and Twitter, represent radically new tools for reaching and collaborating with customers. This presentation will discuss the trends in new media and a framework for formulating digital strategy.

  Related Resources:

  Blog: Microsoft and Yahoo Can Challenge Google on More than Search

  HBS Working Paper: Do Friends Influence Purchases in a Social Network?

  HBS Working Knowledge Q&A: Social Network Marketing: What Works?

  Case: Hulu: An Evil Plot to Destroy the World?

  Case: Backchannelmedia: Making Television 'Clickable'

  2009 Reunion Presentation:

  New Media and Digital Marketing (pdf)

  Presentation Video

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• Leadership in the Age of Climate Change

  Rebecca M. Henderson
  Saturday 11:45 a.m.–1:00 p.m.

  Many scientists believe that accelerating green house gas emissions raise the odds of quite significant climate disruption in our children's lifetimes, but decarbonizing the economy is an enormous challenge. We'll talk about why it may also be a source of opportunity, and about the leadership skills and strategic tools that will be essential to building firms that can take advantage of the potentially transformative change that's coming.

  2010 Reunion Presentation:

  Presentation Summary (pdf)

  Presentation Video

  Presentation Slides (pdf)

  Related Resources:

  HBS Working Paper: Accelerating Innovation In Energy: Insights from Multiple Sectors

  Conference Presentation Summary: Leadership for Multi-Stakeholder Solutions (pdf), from Think Tank on Energy, the Environment, and Business, Harvard Business School

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• Who Killed Healthcare and the Consumer-Driven Cure?

  Regina E. Herzlinger
  Friday 10:00 a.m.–11:15 a.m.

  This session will discuss how the United States reached its present health care situation (i.e., despite health care reform, millions remain uninsured; the costs threaten the economic future of the U.S.; and the quality is high but erratic); the public policy cures currently being discussed; and their impact on the business community and society as a whole.

  Related Resources:

  Article: Health Care's Taxing Problem, National Review Online, August 2009

  Article: Limited Choices, National Review Online, July 2009

  Article: Health Care Reform that Will Kill the U.S. Economy, Huffington Post, April 2009

  2009 Reunion Presentation:

  Who Killed Health Care and the Current Public Policy Options? (pdf)

  return to presentation index

• Designing a Teaching Plan for a Discussion-Based Course

  Emeritus Professor James L. Heskett
  Friday 10:00 a.m.–11:15 a.m.

  Looking for ways to generate and guide an enriching classroom discussion? It starts with the all-important teaching plan. Join Professor Heskett for an introductory session on designing a teaching plan. Using the Nantucket Nectars case as an example, Professor Heskett explains the use of teaching groups and how each instructor in the group devises a plan in his/her own unique way. A sample course outline and syllabus for The Entrepreneurial Manager course are examined, as well as visual examples of faculty teaching plans. Attendees will see video of two different HBS faculty teaching the Nantucket Nectars case in order to illustrate different teaching styles.

  Related Resources:

  Case: Nantucket Nectars

  HBP Courses: Teaching with Simulations

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• Where Will We Find Tomorrow's Leaders?

  Linda A. Hill
  Friday 10:00 a.m.–11:15 a.m.

  What kind of leadership do world-class organizations need? Professor Hill will discuss the connection between leadership and innovation, explaining that the type of leaders needed in the future may differ from those in the past.

  Related Resources:

  Book Chapter: Unlocking the Slices of Genius in Your Organization: Leading for Innovation

  Book: Managing Up

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• How To Do Well By Doing Good: Innovation and Purpose-Inspired Growth, a New Paradigm for 21st Century Values-Centered Business

  Rosabeth Moss Kanter
  Friday 10:00 a.m.–11:15 a.m.

  At a time when esteem for business and business leaders is at an all-time low, and societal problems such as health, education, and the environment loom large, there are some positive signs on the horizon. A set of companies in the vanguard, such as IBM, Procter & Gamble, Pepsico, Verizon, and others throughout the world (Brazil, Japan, India) are fueling profitable growth through innovation related to their values and a core purpose of serving society. They add a social logic to a financial. By adding a concern for society in finding business opportunities, they create innovation, open and grow markets, engage and align suppliers and distributors, and inspire and motivate employees, especially a new generation of talent that wants to express their values in the workplace. Each is an example of a "SuperCorp," per the title of the recent book on which the session is based, that uses their capabilities to improve health, education, the environment, and participate with the public sector in disaster relief and economic development. None is perfect, but they aspire to high standards and compete through a new model.

  2010 Reunion Presentation:

  Presentation Summary (pdf)

  Related Resources:

  Book: SuperCorp: How Vanguard Companies Create Innovation, Profits, Growth, and Social Good

  HBR Article: Think Outside the Building

  HBR Article: Block-by-Blockbuster Innovation

  Blog: Surprise! Four Strategies for Coping with Disruption

  Blog: 13 Unlucky Mistakes in Managing Traumatic Change and How to Avoid Them

  Blog: From Dust to Dollars: Creating Value from Underutilized Assets

• Mastering the Strategy Execution System

  Robert S. Kaplan
  Friday 2:15 p.m.–3:30 p.m.

  The Balanced Scorecard (BSC), developed by Professor Kaplan and management consultant David Norton, has evolved into the leading management system for implementing strategy. The system has been used by leading companies and nonprofit and public-sector organizations around the world to achieve dramatic performance breakthroughs by focusing and aligning organizational resources, people, and processes on strategy. The talk will feature recent developments on linking strategy to operations from their most recent book, The Execution Premium, and some newer material on integrating risk management into the strategy management system.

  Related Resources:

  HBS Business Summit Summary: Enterprise Risk Management

  HBR Article: Managing Risk in the New World

  Case: Stop Overdoing Your Strengths

  2009 Reunion Presentation:

  A Management System for Strategy Execution (pdf)

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• The Economic Crisis and Its Aftermath

  Robert Steven Kaplan
  Friday 2:15 p.m.–3:30 p.m.

  Professor Kaplan will discuss the current economic crisis and its implications.

  2010 Spring Reunion Presentation:

  Presentation Summary (pdf)

  Presentation Slides (pdf)

  Related Resources:

  Case: Bob Beall at the Cystic Fibrosis Foundation

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• Building Green Businesses

  Joseph B. Lassiter
  Friday 11:45 a.m.–1:00 p.m.

  This is a presentation on a field-based research program designed for students, alumni and faculty who have a specific interest where environmental & energy impacts, consumer & social attitudes, and political & regulatory processes are dominant forces providing the opportunity for the creation of new businesses, the scaling of embryonic businesses, or the re-design of established businesses.

  2010 Reunion Presentation:

  Presentation Summary (pdf)

  Presentation Video

  Presentation Slides (pdf)

  Related Resources:

  Case: Nantucket Nectars: The Exit

  Case: Calera Corporation

  Case: Affinity Labs

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• Driven to Lead: Good, Bad, and Misguided Leadership

  Paul R. Lawrence
  Saturday 11:45 a.m.–1:00 p.m.

  In a presentation based on his new book, Driven to Lead, Professor Emeritus Lawrence will offer a fresh approach to a subject that is overloaded with books and commentary—leadership.

  Related Resources:

  Book: Driven to Lead: Good, Bad, and Misguided Leadership

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• Into the Unknown: Ernest Shackleton and Leadership in Troubled Times

  Herman B. (Dutch) Leonard
  Friday 10:00 a.m.–11:15 a.m.

  As leaders, we take our organizations into unknown circumstances every time we launch a new project, develop a new product, enter a new market. What can we learn about how to organize ourselves and our team, make decisions, and stay positive in troubled times from explorers who found themselves in grave peril for extended periods—and survived? Ernest Shackleton and 26 companions ventured south in 1914 in an attempt to cross Antarctica. Instead, they became stuck in the offshore ice pack, which eventually crushed and sank their ship. Left with only three small lifeboats and modest provisions, they camped on the ice for months. After an epic 15-month struggle, including an 800-mile journey, in an open boat across the roughest seas on Earth, they arranged a self-rescue.

  Related Resources:

  Case: The Home Depot: Leadership in Crisis Management

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• Defining Greatness — Lessons Learned from Business Legends

  Anthony J. Mayo
  Friday 2:15 p.m.–3:30 p.m.

  Would Walt Disney be a success in today's hypermedia environment? Would Henry Ford's uncompromising focus on productivity through mass production resonate with today's automobile industry? Could Jack Welch lead today with the approach that gave him and his company such prominence just a few years ago? Business leaders—whether legends of the last century or trailblazers of the current one—do not operate in a vacuum. In any era, executives lead within environments that are constantly reconfigured by contextual factors—political, regulatory, social, and others—that breed both obstacles and opportunities. Which of the 20th century's many great leaders were most adept at exploiting the opportunities of their times? And what lessons do their legacies hold for the study and practice of leadership today?

  Related Resources:

  HBS Working Knowledge Q&A: Come Fly with Me: A History of Airline Leadership

  HBR Article: Pioneering entrepreneur Yoshiko Shinohara on turning temporary work into big business in Japan

  Case: Yoshiko Shinohara and Tempstaff

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• Doing Business in China

  F. Warren McFarlan
  Friday 11:45 a.m.–1:00 p.m.

  This session focuses on the special opportunities and challenges of doing business in and with the largest country in the world. It summarizes a four-year research program which had led to a new second-year MBA course by this title, and the establishment of the new HBS office in Shanghai.

  2010 Reunion Presentation:

  Presentation Summary (pdf)

  Presentation Slides (pdf)

  Related Resources:

  Case: From Little Things Big Things Grow: The Clontarf Foundation Program for Aboriginal Boys

  Case: A Chinese Start-up's Midlife Crisis: 99Sushe.com

  Case: China Mobile's Rural Communications Strategy

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• Winning in Emerging Markets

  Krishna G. Palepu
  Friday 2:15 p.m.–3:30 p.m.

  This presentation is based on a new book published by Tarun Khanna and Krishna Palepu, Winning in Emerging Markets: A Road Map for Strategy and Execution. The presentation will discuss: Unique opportunities and challenges in operating in fast rising emerging markets of the world. Using case examples, the presentation discusses strategic and execution ideas for success in emerging markets for western multinationals, international investors, and new multinationals being created from emerging markets.

  2010 Reunion Presentation:

  Presentation Summary (pdf)

  Presentation Video

  Presentation Slides (pdf)

  Related Resources:

  Book: Winning in Emerging Markets: A Road Map for Strategy and Execution (Amazon.com)

  Video: How Companies in Emerging Markets Break Out

  HBS Working Knowledge: Strategy and Execution for Emerging Markets

  HBR Article: Strategies That Fit Emerging Markets

  HBR Article: Emerging Giants: Building World-Class Companies in Developing Countries

  Website: Winning in Emerging Markets

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• Sleeping with Our Blackberry: Why We Are Our Own Worst Enemy and What We Can Do About It

  Leslie A. Perlow
  Friday 11:45 a.m.–1:00 p.m.

  Wireless technology has been a wonderful liberating force, freeing us from the work place. We can now do much of our work anywhere, anytime. But this has not come without cost. Expectations have dramatically increased about when we must be accessible to our clients, our customers, and our colleagues. And, this has an impact on both the quantity and quality of personal time that we have. In this session, we will discuss global usage patterns, our role in perpetuating them, and what we might do differently.

  Related Resources:

  Case: George Martin at The Boston Consulting Group (A)

  Book: When You Say Yes but Mean No: How Silencing Conflict Wrecks Relationships and Companies ... and What You Can Do About It

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• Value-Based Health Care Delivery

  Michael E. Porter
  Friday 11:45 a.m.–1:00 p.m.

  Health care reform is proving to be one of the defining issues of the 21st century, both in the United States and throughout the world. Costs are exploding even in single-payer systems driven by aging populations and rising expectations for better care. There is heated debate about what to do, but the focus is on the wrong question: how to cut costs? The only real solution is to transform the delivery of health care to dramatically improve value, or the health outcomes per dollar spent. Health care systems in every country have a value problem, and fixing it will require restructuring of care delivery itself, not incremental solutions. This session will offer a roadmap for transforming health care delivery, drawing on examples of leading health care providers and health plans that are achieving exciting value improvements in the U.S. and other countries.

  Related Resources:

  HBR Article: Redefining Competition in Healthcare

  2009 Reunion Presentation:

  Value-Based Healthcare Delivery (pdf)

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• The State of the Nation's Housing 2010

  Nicolas P. Retsinas
  Friday 11:45 a.m.–1:00 p.m.

  Housing markets have imploded almost everywhere. Mortgage performance eroded badly, and lenders responded by tightening underwriting standards, sparking an even steeper slide in home sales and housing starts. Housing finance is on government life support encompassing almost all residential mortgages. There is a lively, partisan and acrimonious debate on the role of government in housing markets and what to do about Fannie and Freddie. Should the government support homeownership? When and how will private capital reappear? Who will bear the risk? Who should pay for it?

  Related Resources:

  Article: Credit is Not the Bogey, HBS Working Knowledge, March 2009

  Case: One South: Investing in Emerging Markets (A) (pdf)

  Case: One South: Investing in Emerging Markets (B) (pdf)

  Case: International Equity: The Second Act (pdf)

  2009 Reunion Presentation:

  The State of the Nation's Housing (pdf)

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• Deals and Incentives

  William A. Sahlman
  Friday 10:00 a.m.–11:15 a.m.

  "Deals" are part of everyone's life. We strike implicit and explicit deals with capital suppliers, customers and employees. We even participate in implicit deals with our families and with the government. The goal of this presentation is to help you understand the deals struck inside and outside the corporate environment. I will offer a simple set of questions for understanding deals: How is cash allocated? How is risk allocated? What are the implicit and explicit incentives? Who will be attracted by the deal terms offered? What are the logical implications of people acting in their best interest? We will analyze a wide range of examples of deals from the real world, from the corporate setting to government policy. I will focus on using the lens of incentives to understand the financial crisis and issues related to health care reform.

  2010 Reunion Presentation:

  Presentation Summary (pdf)

  Presentation Video

  Related Resources:

  HBS Working Paper: Management and the Financial Crisis (We have met the enemy and he is us...)

  Case: Nantucket Nectars: The Exit

  Case: Endeavor: Creating a Global Movement for High-Impact Entrepreneurship

  Case: ZINK Imaging: Zero Ink

  Case: NovoCure Ltd.

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• The "Great Unwind" and the Future of Real Estate

  Arthur I. Segel
  Friday 10:00 a.m.–11:15 a.m.

  With the U.S. economy showing some signs of recovery, many commentators and analysts have focused their attention on an anticipated, perhaps ongoing, crisis in commercial real estate. This presentation discusses factors impacting the likelihood and timing of such a crisis and the potential impacts on real estate capital markets, securitization practices, and the economy generally. How and when should banks handle distressed loans, failed developments, and toxic assets?

  2010 Reunion Presentation:

  Presentation Summary (pdf)

  Presentation Slides (pdf)

  Related Resources:

  Case: Steel Street

  Note: How Institutional Investors Think About Real Estate

  Case: Busse Place

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• Jump Start Your Revenue Growth

  Benson P. Shapiro
  Friday 10:00 a.m.–11:15 a.m.

  Your company has already cut costs and survived what, for most firms, has been a brutal economic time. Now to increase profits and enterprise value it is imperative to grow your top-line revenue. You need to increase unit sales and/or prices on a tight budget. In this practical reunion session, Professor Ben Shapiro will help you:

  • identify the best targets of opportunity,
  • price effectively to improve profitability without sacrificing unit volume,
  • improve the focus, effectiveness and efficiency of your go-to-market approach, and
  • sell better and faster.

  The material is based on a continuing research program on high profit, high performance marketing and sales.

  2010 Reunion Presentation:

  Presentation Summary (pdf)

  Presentation Slides (pdf)

  Related Resources:

  HBS Working Knowledge Q&A: Yes, You Can Raise Prices in a Downturn

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• Just Enough: Enduring Success

  Howard H. Stevenson
  Friday 11:45 a.m.–1:00 p.m.

  Harvard Business School graduates have achieved many different kinds of success as leaders of businesses, as entrepreneurs and in their public and private lives. After authoring or co-authoring 150 cases, serving on many corporate and non-profit boards, Howard Stevenson's most recent research has focused on observing the patterns in peoples' lives that create enduring success. The observations made by Stevenson and his co-author, Laura Nash, differ from those in the current rash of "how to" books that offer simple solutions to the problem of living "the good life." Their conclusion is that "it is not about balance" and it is not about maximization. It's about knowing how to define "enough" for today, tomorrow, and the rest of your life. Stevenson and Nash have identified the four essential categories around which people define success and have developed a model for knowing when life becomes too focused on a narrow set of success goals. Stevenson will discuss the model and how to calibrate your actions toward a more enduring success.

  2010 Reunion Presentation:

  Presentation Summary (pdf)

  Presentation Video

  Related Resources:

  Case: Paresh Patel: Building a Life in the Context of Global Business — October 2007

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• Why Some Companies Are More Innovative Than Others

  Stefan H. Thomke
  Friday 2:15 p.m.–3:30 p.m.

  Why do companies such as Apple constantly come out with exciting innovations whereas others have great difficulties going beyond their traditional product and service offerings? In his talk, Professor Thomke argues that an organization's ability to innovate depends on its capability to constantly experiment with new products, processes, and business models. He will explain why experimentation is so critical to the management of innovation, underscores the impact of new technologies, and outlines what managers must do to integrate them successfully. Drawing on a decade of research in multiple industries as diverse as automotive, semiconductors, pharmaceuticals, chemicals, and banking, he provides striking illustrations of how companies drive strategy and value creation by accommodating their organizations to experimentation approaches. A significant part of the session will be devoted to a discussion of innovation and its challenges. To prepare, we would like to ask participants to think about the session's title and be ready to share their experiences.

  2010 Reunion Presentation:

  Presentation Slides (pdf)

  Related Resources:

  Case: The Dabbawala System: On-Time Delivery, Every Time

  Note: Design Thinking and Innovation at Apple

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• Who Are We? Organizational Identity Crisis in an Age of Technological Convergence

  Mary Tripsas
  Friday 2:15 p.m.–3:30 p.m.

  AT&T radio, Apple TV, HondaJet, and Fujifilm cosmetics are but a few examples of potentially attractive opportunities that lie well beyond what most would traditionally consider each of these firms' core businesses. In an era of rapid, pervasive technological change, exploratory innovations such as these are generally considered essential to a company's long-term viability. But as companies evolve, managers may eventually face an organizational identity crisis where they are forced to question deeply held assumptions and beliefs about what their firm represents—and in some cases re-think their organization's essence. How can firms avoid an identity crisis, or deal with one when it occurs? How can companies best manage a change in the answer to "who are we?"

  2010 Reunion Presentation:

  Presentation Summary (pdf)

  Presentation Video

  Related Resources:

  Paper: Technology, Identity, and Inertia Through the Lens of 'The Digital Photography Company' (pdf)

  Case: Fujifilm: A Second Foundation

  Case: TOTO: The Bottom Line

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• Treasury Bonds: Inflation Bets or Deflation Hedges? The Treasury Bond Market "Bubble"

  Luis M. Viceira
  Friday 11:45 a.m.–1:00 p.m.

  There is considerable debate today as to whether the U.S. Treasury bond market is moving into bubble territory. This talk examines these claims in light of what factors move bond yields, and the history of the Treasury bond market in the U.S. postwar period.

  Related Resources:

  Paper: Bond Risk, Bond Return Volatility, and the Term Structure of Interest Rates (pdf)

  Paper: Optimal Value and Growth Tilts in Long-Horizon Portfolios (pdf)

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• U.S. Deficits and Debt

  Richard H.K. Vietor
  Friday 2:15 p.m.–3:30 p.m.

  The USA has run large current account deficits for almost 30 years. This has contributed to its loss of competitiveness and the accumulation of huge, foreign debts. But in the past 10 years, it has also run huge fiscal deficits, having recently reached $1.5 trillion. This, given our low savings rate, is all but impossible to finance, and depends on the continuing cooperation of China, Japan, Germany and Saudi Arabia. President Obama must deal with this shortly ... but only after our economy recovers from the financial crisis.

  Related Resources:

  Case: Cape Wind

  Case: Enel: Power, Russia, and Global Markets

  Case: India: Democracy and development

  Case: Malaysia: Halfway to 2020

  Case: Saudi Arabia: Modern Reform, Enduring Stability

  Case: Dubai: Global Economy

  2009 Reunion Presentation:

  The Power of Wind (pdf)

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• Negotiation and Leadership: Lessons for Today from the American Civil War

  Michael A. Wheeler
  Friday 11:45 a.m.–1:00 p.m.

  A young Union officer, Joshua Chamberlain, leads a regiment that once numbered nearly 1,000 men but is less than 300 now. In addition, he has just been put in charge of 120 "mutineers." Like him, they are volunteers from Maine. They claim that their enlistments have expired and insist on going home. They are delivered to him having been marched at bayonet point without being fed for three days. Chamberlain is authorized to shoot them if they refuse to join his regiment and fight. And oh, the battle at Gettysburg is looming. What should Chamberlain do? Professor Michael Wheeler will lead a discussion of this case with stop-start analysis of video and slides. No special preparation is required.

  2010 Reunion Presentation:

  Presentation Handouts (pdf)

  Related Resources:

  Book Chapter: Engineer Ownership Through Anticipatory Management: Address Employee and Customer Needs Before They Arise

  Note: ADR Choices

  Video: ADR Choices Video (Alternative Dispute Resolution Vignettes)

  Simulation: Negotiating for Results 2

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• Network Effects: When (And If) Winners Take All

  David B. Yoffie
  Friday 10:00 a.m.–11:15 a.m.

  Network effects, also called network externalities, exist when the value of any product or service grows as other users consume the product. Network effects are a fundamental feature of the Internet, and are critically important in any business where networks of people and products are central. Even in the midst of a global downturn, network effects can make or break a business. This session will explore how, when, and why network effects work. This interactive discussion will examine the role of network effects in industries ranging from videocassette recorders and instant messaging to iPods, high-definition DVDs, search (Google), social networks (Facebook), cell-phone service, and auctions.

  2010 Reunion Presentation:

  Presentation Slides (pdf)

  Related Resources:

  Blog: Why the U.S. Tech Sector Doesn't Need Domestic Manufacturing

  Case: Intellectual Ventures

  Case: HTC Corp. in 2009

  Article: What's Your Google Strategy?

  Case: Gucci Group in 2009

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• The Tip of the Iceberg: JP Morgan Chase and Bear Stearns (A)

  Case Discussion — Registration required
  Friday, various times

  Bear Stearns & Co. burned through nearly all of its $18 billion in cash reserves during the week of March 10, 2008, and an unprecedented provision of liquidity support from the Federal Reserve on Friday, March 13, was insufficient to reverse the decline in Bear's condition. Federal Reserve Chairman Benjamin Bernanke, Treasury Secretary Henry Paulson and New York Fed President Timothy Geithner were intent on limiting the impact of Bear's problems on the wider financial system. James "Jamie" Dimon, Morgan's Chairman and CEO, was in frequent contact with these regulators over the weekend of March 14–16, negotiating possible scenarios for the rescue of Bear, without which Bear would be forced it to seek bankruptcy protection when markets opened on Monday. Late on Sunday afternoon, March 16, Bear's board accepted Morgan's offer to purchase Bear for $2 per share, an offer that would not have been made without significant government assistance. There was hope that the Bear rescue would help avert the far-reaching spread of damage into the larger financial world that many policymakers viewed as likely to follow the failure of a major investment bank. This case examines a seminal event in the financial and economic crisis that began in the summer of 2007, and provides background for better understanding the full scope of the crisis as it was revealed during the summer and fall of 2008. It was written to address two sets of issues. First, it provides the opportunity to understand the corporate finance issues of capital and liquidity, and of firm valuation. Second, the case allows for the exploration of aspects of a firm's internal and external governance, as well as the challenges of navigating through a crisis when faced with compelling pressures from competing stakeholders.

  return to presentation index

Harvard Faculty & Staff, and Industry Leaders

• Finding Work That Matters in the Second Half of Life

  HBS Alumni Career & Professional Development
  Saturday 10:00 a.m.–11:15 a.m.

  Worried you're going to flunk retirement? Not even interested in trying? You aren't alone. Millions of Americans are entering a new stage of work in the period between midlife careers and retirement. What's more, research shows a significant segment of this population is looking for work that is purposeful, makes a meaningful contribution to the greater good and may provide financial compensation. Many are translating their management and experience into second careers as social entrepreneurs; others are launching new work at existing organizations focusing on fields like education or the environment. Taken together this movement promises to produce a windfall of talent for solving some of the greatest challenges facing the nation, today. This session will tell the story of these pioneers, and the emerging "Encore Career" phenomenon, along with providing practical advice for how HBS alumni can launch their own encores.
  Moderator: Marci Alboher, Vice President, Civic Ventures and author of One Person/Multiple Careers: A New Model for Work/Life Success
  Panel:
  Laurent Adamowicz, 2010 Fellow, Advanced Leadership Initiative at Harvard University
  Paul Gudonis, '80, President, FIRST
  Bob Whelan, Director and CEO, 13th Avenue Funding
  Junko Yoda, 2010 Fellow, Harvard University Advanced Leadership Initiative

  Related Resources:

  Resources: Research Support for Alumni in Transition (pdf)

  Website: Building a Third Stage Career

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• Campus Tour

  James E. Aisner, Director of Media Relations
  Friday 2:15 p.m.–3:30 p.m.; meet on steps of Baker Library, facing the Charles River

  Want to reminisce about buildings you used to frequent as a student? Want to see new additions to the campus plan since you graduated? Then this leisurely walking tour is for you as we see the sights, including Baker Library|Bloomberg Center, Morgan Hall, Shad (the School's physical fitness center), the Class of 1959 Chapel, and the Spangler Campus Center.

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• HBS Executive Education Overview

  Charles W. Breckling, Managing Director of Marketing, HBS Executive Education
  Saturday 11:45 a.m.–1:00 p.m.

  HBS Executive Education is an important contributor to faculty and curriculum development as well as to the financial resources of the School. It has achieved significant growth over the past several years, even through the recent financial crisis. It also has expanded its global operations and now is delivering programs in four off-campus locations. This session provides an overview of Executive Education's Open Enrollment, Custom, and Global operations, as well as its past performance and future plans. The session also will offer alumni the opportunity to provide feedback on the Executive Education portfolio and input on future alumni program development.

  Related Resources:

  Website: HBS Executive Education

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• Believe It. Live It.

  Vaughn Brock
  Saturday 10:00 a.m.–11:15 a.m.

  More than words. A way of living. From the beaches of Normandy to the streets of Fallujah, in a downtown alleyway and a country tree house, at a running track and on a stage ... in these places and others in between, we join a crew of young men as they discover what it means to believe and live by the values of being trustworthy, loyal, helpful, friendly, courteous, kind, obedient, cheerful, thrifty, brave, clean and reverent. Brock (MBA '85) created the video Believe It. Live It and study guide to explore these values as we meet a Rwandan genocide survivor, an Iraq war hero, a U.S. Army rescue helicopter unit and other everyday people who personify these values in their daily life—those who truly "Believe It. Live It."

  Related Resources:

  Video: Believe It. Live It.

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• What's in Your Genome?

  Kevin Davies, editor, Bio-IT World; author, The $1,000 Genome
  Saturday 11:45 a.m.–1:00 p.m.

  We are in the midst of an astonishing revolution in medical research, in which the cost of reading a person's complete DNA sequence has dropped from $2 billion (2000) to $1 million (2007) to less than $10,000 (2010). Today, anybody with a doctor's note can get their genome sequenced commercially for $10–20,000. Meanwhile, tens of thousands of people have enjoyed the information provided by personal genomics companies such as 23andMe, although this industry is facing increased scrutiny from FDA and Congress. Kevin Davies, a British science writer and a frequent guest at HBS alumni reunions, will share his experiences in decoding his own genome, review the latest "next-generation" sequencing systems, and discuss the medical impact and ethical implications of personal genomics.

  Related Resources:

  Book: The $1,000 Genome

  Website: Bio-ITWorld.com

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• Freedom of Expression Online: International Policies and Practices

  Rob Faris, Research Director, Berkman Center for Internet and Society, Harvard Law School
  Saturday 11:45 a.m.–1:00 p.m.

  Abstract to come

  Related Resources:

  Article: Reading Twitter in Tehran?

  Article: Mapping the Arabic Blogosphere: Politics, Culture and Dissent

  Paper: Madison and the Smart Mob: The Promise and Limitations of the Internet for Democracy

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• Promise and Progress in Stem Cell Science

  Douglas A. Melton
  Saturday 10:00 a.m.–11:15 a.m.

  The possibility that human stem cells can be used to repair and regenerate our bodies has captivated scientists and the public alike. The Harvard Stem Cell Institute was formed to capitalize on this new science with the aim of finding new treatments for degenerative diseases. Progress in making stem cells from skin, finding potential drug candidates for ALS and spinal muscular atrophy, new approaches to aging, and advances in diabetes research are a few examples of the progress that will be discussed. In the longer term, getting products to patients will require new business models and the political context in which the work is done adds another dimension to this exciting field.

  Related Resources:

  Website: Melton Laboratory

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• Positioning Harvard Management Company and the World's Largest Endowment for the Future

  Jane L. Mendillo
  Saturday 10:00 a.m.–11:15 a.m.

  Comments and observations by the president and CEO of Harvard Management Company.

  2010 Reunion Presentation:

  Presentation Summary (pdf)

  Related Resources:

  Website: Harvard Management Company

  return to presentation index

• Building Healthy Children and a Successful Society in the Media Age

  Michael Rich
  Friday 11:45 a.m.–1:00 p.m.

  Revolutionary media technologies and their innovative applications have transformed our world in ways both exhilarating and unpredictable. Children and adolescents, the future of our society, are early adopters and enthusiastic users of rapidly evolving interactive screen media from televisions to the Internet to smartphones. Their childhood is dramatically different even from older siblings. Harvard pediatrician Michael Rich abandons the long-running values versus free expression stalemate to examine measurable influences and outcomes of media exposure on children's physical, mental, and social health. Rigorous medical and psychological science demonstrates how children learn from and are changed by their use of contemporary media and how we can guide their media use so they are not harmed, but become better connected, educated, and prepared for their accelerating, ever-shrinking world.

  Related Resources:

  Blog: Ask the Mediatrician

  Legislation: Children and Media Research Advancement Act (U.S. Senate bill S. 2477, contributing author)

  Website: Center on Media and Child Health

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Cross-Class Industry Panels

• Asset Management/Hedge Fund

  Saturday 2:15 p.m.–3:30 p.m.

  Andre F. Perold (moderator); George Gund Professor of Finance and Banking, Harvard Business School
  James G.Dinan '85, Managing Partner, York Capital Management LLP
  John A. Paulson '80, President, Paulson & Co. Inc.
  Jeffrey G. Tarrant, '85, CEO and Chief Investment Officer, Protege Partners, LLC

• Green Tech

  Saturday 2:15 p.m.–3:30 p.m.

  Rebecca M. Henderson (moderator); Senator John Heinz Professor of Environmental Management, Harvard Business School
  Douglas R. Brown, '85, Chairman & CEO, Seven Seas Water Corporation
  Lewis T. Jester, III, '75, Former General Manager, Global Infrastructure, Chevron
  Philip B. Rettger '85, Executive Vice President, Optisolar
  Alan J. Wood '75, Chairman, Siemens PLC

• Health Care

  Saturday 2:15 p.m.–3:30 p.m.

  Janet Benvenuti '85 (moderator); Founder and Managing Partner, Circle of Life Partners LLC
  Etienne H. Deffarges '85, Executive Vice President, Accretive Health
  Pamela Germain '85 Vice President for Managed Care & Outreach, Roswell Park Cancer Institute
  James J. Hummer '80, President, Luxemburg Capital
  Richard A. Packer '85, President and Chief Executive Officer, Zoll Medical Corporation

• Philanthropy

  Saturday 2:15 p.m.–3:30 p.m.

  Allen S. Grossman (moderator); MBA Class of 1957 Professor of Management Practice, Harvard Business School
  J. Michael Cline, '85, Founding Managing Partner, Accretive, LLC
  Philip S. Estes '85, Managing Member, Horizon Holdings LLC
  Kathryn E. Giusti '85, CEO and Founder, Multiple Myeloma Research Foundation
  Tom Tierney '80, Chairman and Co-Founder, The Bridgespan Group

• Private Equity

  Saturday 2:15 p.m.–3:30 p.m.

  William A. Sahlman (moderator); Dimitri V. D'Arbeloff - MBA Class of 1955 Professor of Business Administration; Senior Associate Dean for External Relations, Harvard Business School
  Joshua S. Friedman '80, Co-Chairman and Co-CEO, Canyon Partners, LLC
  John C. Hansen Jr., '85, President, JH Partners
  Charles N. Sherwood '85, Partner and Board Member, Permira